Rental payments remain a high priority despite the economic challenges faced by tenants. Overall, the number of tenants in good standing with their monthly rental obligations improved from 80,78% in the first quarter to 82.22% in the second quarter. Breaking down the different categories of tenants, there has been a noticeable deterioration in good standing in the rental bracket above R25 000 which dropped to 77.38%. The R12 000 to R25 000 rental segment has recorded its best ever good standing to date with a healthy 87% in good standing, while those paying between R7 000 and R12 000 are even more committed to maintaining their good standing with 88% up to date on rental payments – exceeding pre-pandemic levels in both 2018 and 2019, it is safe to assume that this rental segment has fully recovered from the pandemic.
